Pentaerythritol CAS 115 77 5 Sales

Pentaerythritol CAS 115 77 5 Sales Market Outlook

The global pentaerythritol market is projected to reach approximately USD 3.12 billion by 2035, registering a robust Compound Annual Growth Rate (CAGR) of around 4.5% during the forecast period from 2025 to 2035. This growth is driven by increasing demand from end-use industries such as construction, automotive, and printing, where pentaerythritol is extensively used in the production of alkyd resins and plasticizers. Additionally, the rise in environmental regulations promoting sustainable products and practices is encouraging manufacturers to adopt pentaerythritol, a versatile chemical compound that plays a vital role in producing eco-friendly materials. Moreover, advancements in production techniques and rising investments in research and development are contributing to the market's expansion, as companies are innovating to improve product quality and performance.

Growth Factor of the Market

The pentaerythritol market is experiencing significant growth due to several key factors. Firstly, the expanding construction industry is a primary driver, as pentaerythritol is widely used in the formulation of coatings, adhesives, and sealants, essential for infrastructure development. Secondly, the automotive sector is increasingly adopting pentaerythritol-based products due to their favorable properties, such as enhanced durability and resistance to environmental factors, making them ideal for automotive applications. Furthermore, as the demand for high-performance inks and paints increases, manufacturers are shifting towards pentaerythritol as a key ingredient in alkyd resins, which are known for their excellent gloss and adhesion properties. The rising trend of eco-friendly products is also boosting the market, as pentaerythritol is derived from renewable resources, aligning with the growing consumer preference for sustainable solutions. Lastly, the global expansion of industrialization and urbanization is further propelling the demand for pentaerythritol across various sectors.

Key Highlights of the Market

• The global pentaerythritol market is expected to grow at a CAGR of 4.5% from 2025 to 2035.
• North America and Europe are key regions driving significant market growth due to the high demand from the automotive and construction sectors.
• Powder form of pentaerythritol is anticipated to dominate the market owing to its widespread application in coatings and resins.
• Increasing investments in research and development are expected to foster innovation in product applications and technologies.
• Rising consumer preferences for eco-friendly and sustainable materials are propelling the demand for pentaerythritol-based products.

By Product Type

Powder:

Pentaerythritol in powdered form is a significant segment of the market due to its versatility and ease of use in various applications. It is primarily utilized in the production of alkyd resins, which are crucial for the manufacturing of paints and coatings. The powder form provides ease of handling and incorporation into formulations, leading to improved product performance. Additionally, powdered pentaerythritol is widely preferred in the production of inks and plasticizers, contributing to its market dominance. The demand for high-quality powder pentaerythritol is also driven by the growing emphasis on durability and longevity in end products, ensuring that manufacturers opt for powdered forms to enhance their formulations. Furthermore, the increasing focus on sustainable and eco-friendly products is promoting the use of powdered pentaerythritol, as it aligns with the green chemistry principles by reducing volatility and waste during production.

Liquid:

The liquid form of pentaerythritol is another vital segment in the market, offering unique advantages for certain applications. It is particularly favored in scenarios where quick processing and incorporation into formulations are essential. Liquid pentaerythritol is commonly used in the production of alkyd paints, where it contributes to improved drying times and enhanced flow properties. Additionally, the liquid form is beneficial in applications requiring precise dosing and blending, making it a preferred choice in the manufacturing of inks and coatings. The growing trend towards high-performance coatings, particularly in the automotive and construction industries, is expected to bolster the demand for liquid pentaerythritol. Moreover, advancements in technology are leading to the development of innovative liquid formulations that enhance the overall performance of end products, further stimulating growth in this segment.

By Application

Alkyd Resins:

Pentaerythritol is extensively employed in the formulation of alkyd resins, which find applications in coatings, paints, and adhesives. The chemical's ability to provide excellent gloss, adhesion, and durability makes it an essential component in high-performance coatings used in various industries, including automotive and construction. The increasing demand for eco-friendly and long-lasting paint solutions is driving the growth of alkyd resin applications, with pentaerythritol playing a crucial role in meeting these requirements. Furthermore, as industries strive for better sustainability practices, the use of bio-based pentaerythritol in alkyd resins is gaining traction, further enhancing its market potential. The continued development of advanced coatings technology is expected to maintain and boost the demand for pentaerythritol in alkyd resins over the forecast period.

Inks:

Pentaerythritol's role in the ink industry is significant, particularly in the production of printing inks that require exceptional color performance and stability. It is commonly used in the formulation of both solvent-borne and water-based inks, providing improved drying properties and enhancing the overall quality of the final printed product. The growing printing industry, fueled by increased demand for packaging materials and promotional products, is further driving the demand for pentaerythritol in inks. Moreover, the trend towards digital printing technologies, which often necessitate high-quality inks with superior performance characteristics, is likely to bolster the consumption of pentaerythritol in this application. Additionally, the focus on developing environmentally friendly inks is expected to open new avenues for pentaerythritol, as manufacturers seek sustainable alternatives to conventional ink formulations.

Plasticizers:

Pentaerythritol is recognized for its effectiveness as a plasticizer in various polymer applications. Its use in plasticizers contributes to improved flexibility, durability, and overall performance of polymer materials. Industries such as construction, automotive, and consumer goods are increasingly adopting pentaerythritol-based plasticizers due to their ability to enhance the properties of materials, making them more suitable for diverse applications. The rising focus on creating flexible and resilient materials is driving demand for pentaerythritol in this segment. Additionally, the growing trend of sustainability is encouraging manufacturers to seek non-toxic and eco-friendly plasticizers, and pentaerythritol aligns well with these requirements. As manufacturers continue to innovate and enhance product formulations, the role of pentaerythritol as a plasticizer is expected to expand in the coming years.

Alkyd Paints:

The application of pentaerythritol in alkyd paints is pivotal, given its contribution to the quality and performance of these coatings. Alkyd paints, known for their excellent flow and leveling properties, benefit immensely from the incorporation of pentaerythritol, which enhances drying times and durability. This is especially important in sectors such as construction and automotive, where high-performance coatings are essential for protecting surfaces from environmental impacts. The increasing preference for alkyd paints in both industrial and decorative applications is expected to drive demand for pentaerythritol in this segment. Additionally, as the industry shifts towards more environmentally friendly coatings, pentaerythritol's bio-based derivatives are likely to gain traction, promoting its use in alkyd paint formulations. The ongoing innovations in paint technologies will further solidify pentaerythritol's position as a critical ingredient in alkyd paints.

Others:

Aside from the primary applications, pentaerythritol is utilized in a variety of other segments, including the production of explosives and pharmaceuticals. Its unique chemical properties allow it to be incorporated into formulations requiring specific functionalities, such as enhancing stability and performance. In the explosives industry, pentaerythritol is used as a key ingredient in the manufacture of specific types of explosives, owing to its ability to enhance the energy output and sensitivity of the final product. Furthermore, in the pharmaceutical sector, its role as a stabilizer and excipient in various formulations contributes to the growth of this segment. The expanding scope of applications for pentaerythritol in diverse industries is indicative of its versatility and market potential, thereby providing opportunities for growth and innovation across the board.

By Use Industry

Construction:

The construction industry is one of the largest consumers of pentaerythritol, primarily due to its application in coatings, adhesives, and sealants. Pentaerythritol's effective role in enhancing the performance of alkyd resins makes it a sought-after ingredient in construction-related products. The industry's growth, driven by urbanization and infrastructure development projects globally, is significantly boosting the demand for pentaerythritol. Furthermore, the increasing focus on sustainable construction practices is prompting the adoption of eco-friendly materials, making pentaerythritol an attractive option. The growing trend of renovations and refurbishments in the construction sector is also expected to drive demand for high-performance coatings, contributing to the overall growth of pentaerythritol in this industry.

Automotive:

In the automotive sector, pentaerythritol is utilized in numerous applications, including coatings, adhesives, and sealants that require exceptional durability and resistance to environmental conditions. With the rising production of vehicles and the increasing focus on vehicle longevity and performance, the demand for pentaerythritol-based products is on the rise. Additionally, the shift towards electric vehicles and fuel-efficient technologies is driving innovations in automotive materials, further enhancing the adoption of pentaerythritol in this industry. As automotive manufacturers seek to improve the sustainability and efficiency of their products, the role of pentaerythritol as a critical component in high-performance coatings is expected to grow, making it a key player in the automotive industry.

Printing:

The printing industry is another significant end-user of pentaerythritol, especially in the formulation of inks that require superior quality and performance. As the demand for printed materials, such as packaging, labels, and promotional items increases, the need for high-quality inks is becoming paramount. Pentaerythritol enhances the properties of inks, including drying time, color quality, and stability, which are crucial for meeting modern printing demands. The proliferation of digital printing technologies, which require specialized inks, is also expected to increase the adoption of pentaerythritol in this industry. Furthermore, as sustainability becomes a priority, the shift towards eco-friendly inks and coatings will further drive growth in the use of pentaerythritol within the printing sector.

Chemical:

Pentaerythritol is fundamental in the chemical industry, serving as a building block for various chemical compounds and formulations. It is widely used in the production of plasticizers, surfactants, and other specialty chemicals, contributing to the versatility of pentaerythritol in multiple applications. The growing chemical industry, driven by innovations and the development of new materials, is expected to boost the demand for pentaerythritol. Additionally, as the industry moves towards greener and safer chemical processes, the adoption of pentaerythritol, which can be derived from renewable sources, is likely to expand. Overall, the role of pentaerythritol in the chemical industry is expected to grow as manufacturers strive for improved product performance and sustainability.

Others:

Beyond the major industries, pentaerythritol also finds applications in various other sectors, including pharmaceuticals, textiles, and consumer goods. In pharmaceuticals, it serves as an excipient and stabilizer in drug formulations, contributing to their effectiveness. In textiles, pentaerythritol enhances the properties of fabrics, providing improved durability and resistance to wear. The versatility of pentaerythritol allows it to be adapted for use in several niche applications, expanding its market potential. Additionally, as consumer preferences shift towards high-quality, durable materials, the demand for pentaerythritol across various sectors is anticipated to increase, providing growth opportunities for manufacturers looking to innovate and diversify their product offerings.

By Sales Channel

Direct Sales:

Direct sales channels are a significant segment in the pentaerythritol market, allowing manufacturers to establish a direct relationship with their customers. This approach facilitates better communication regarding product specifications, pricing, and supply chain logistics, ensuring that customers receive tailored solutions that meet their specific needs. The direct sales model enables manufacturers to maintain control over product quality and service levels, fostering customer loyalty and repeat purchases. As industries increasingly seek reliable suppliers for high-quality pentaerythritol, the demand for direct sales channels is expected to grow. Furthermore, direct sales provide manufacturers with valuable feedback from clients, which can be utilized to enhance product development and innovation, further driving market growth.

Indirect Sales:

Indirect sales channels, encompassing distributors, wholesalers, and retailers, play a crucial role in the pentaerythritol market by broadening the reach of manufacturers. Through these channels, manufacturers can access diverse customer segments and geographic markets, enhancing their distribution capabilities. Indirect sales are particularly beneficial for smaller manufacturers who may lack the resources to maintain a comprehensive direct sales force. Furthermore, as industries continue to expand, the need for efficient supply chain management becomes paramount, making indirect sales an attractive option for many businesses. The growing trend of e-commerce is also facilitating indirect sales, allowing manufacturers to reach a wider audience and provide convenient purchasing options, thereby driving the overall growth of the pentaerythritol market.

By Region

The North American region is anticipated to dominate the pentaerythritol market, owing to the high demand from the automotive and construction industries. The United States, in particular, is a significant contributor to market growth, accounting for approximately 30% of the total market share in 2025. The increasing focus on sustainable materials and eco-friendly products within these sectors is expected to further enhance the adoption of pentaerythritol in the region. The CAGR for North America is projected to be around 4.8%, reflecting the dynamic growth and innovation occurring as manufacturers seek to improve product performance and sustainability.

In contrast, the Asia Pacific region is also expected to exhibit substantial growth in the pentaerythritol market, particularly driven by the expanding construction and automotive sectors in countries like China and India. Asia Pacific is projected to capture a market share of approximately 25% by 2035, with a CAGR of 4.6%, reflecting the rapid industrialization and urbanization in the region. As the demand for high-performance coatings and materials escalates, pentaerythritol is likely to play a pivotal role in meeting these needs. Furthermore, the shift towards sustainable manufacturing practices is gaining traction in Asia Pacific, further bolstering the demand for pentaerythritol-based products.

Opportunities

The pentaerythritol market presents numerous opportunities for manufacturers and suppliers, particularly as industries increasingly prioritize sustainability and eco-friendliness. The growing demand for bio-based and renewable chemical products is creating a favorable environment for pentaerythritol, which can be derived from sustainable sources. Companies that invest in developing innovative and environmentally friendly pentaerythritol formulations are likely to benefit from the rising consumer preference for sustainable materials. Additionally, as various industries, including automotive, construction, and printing, continue to evolve and adapt to new technologies and regulations, manufacturers that position themselves as leaders in sustainable product development will be well-equipped to capitalize on these trends.

Moreover, the expansion of pentaerythritol applications across diverse industries is offering significant growth prospects. Industries such as pharmaceuticals, textiles, and consumer goods are increasingly recognizing the benefits of pentaerythritol in enhancing product performance and sustainability. By exploring new applications and markets, manufacturers can diversify their product offerings and mitigate risks associated with reliance on traditional markets. Collaborations and partnerships with industries seeking high-quality and innovative materials can also create new pathways for growth. The overall trend towards innovation and sustainability in the pentaerythritol market is poised to unlock numerous opportunities for forward-thinking companies.

Threats

Despite the promising growth potential, the pentaerythritol market faces several threats that could impact its trajectory. One of the primary concerns is the volatility in raw material prices, which can affect production costs and profit margins for manufacturers. Fluctuations in the availability of key raw materials used in the synthesis of pentaerythritol may lead to supply chain disruptions, ultimately impacting product availability in the market. Additionally, the rise of alternative materials and substitutes that offer similar benefits may pose a threat to the pentaerythritol market. As industries increasingly look to innovate and adopt new materials, companies must remain vigilant and adapt to changing market dynamics to maintain their competitive edge.

Moreover, stringent regulatory frameworks surrounding chemical manufacturing and environmental sustainability may present challenges for pentaerythritol producers. Compliance with evolving regulations can lead to increased operational costs and require significant investments in technology and processes. Companies that fail to adapt to these regulations may find themselves facing legal and financial repercussions, hindering their growth prospects. The need for ongoing research and development to improve product formulations and sustainability practices is paramount in navigating these challenges. Overall, while the pentaerythritol market offers substantial opportunities, manufacturers must address these threats to ensure long-term success.

Competitor Outlook

• Perstorp
• Eastman Chemical Company
• Shijiazhuang Huakan Chemical Co., Ltd.
• Kraton Corporation
• Ferro Corporation
• Yantai Dasteck Chemicals Co., Ltd.
• Huanghua Xinnuo Chemical Co., Ltd.
• Hubei Greenhome Technology Co., Ltd.
• Chemanol
• Huntsman Corporation
• Seiko Chemical Co., Ltd.
• Songwon Industrial Co., Ltd.
• Gujarat Alkalies and Chemicals Ltd.
• Weifang Yaxing Chemical Co., Ltd.
• Shandong Luyuan Chemical Co., Ltd.

The pentaerythritol market is characterized by a competitive landscape, with several key players actively engaged in product development, innovation, and strategic partnerships. Major companies such as Perstorp and Eastman Chemical Company lead the market, leveraging their extensive experience and technological expertise to create superior pentaerythritol formulations. Perstorp, known for its commitment to sustainability and innovation, continuously invests in research and development to enhance the performance and eco-friendliness of its product offerings. Meanwhile, Eastman Chemical Company focuses on developing advanced pentaerythritol-based solutions that cater to a diverse range of applications across various industries, solidifying its position as a market leader.

Other notable competitors, such as Shijiazhuang Huakan Chemical Co., Ltd. and Kraton Corporation, are also making significant strides in the pentaerythritol market by offering competitive pricing and high-quality products. Shijiazhuang Huakan has established a strong reputation for its robust manufacturing capabilities and commitment to sustainability, while Kraton Corporation focuses on developing innovative polymer solutions that incorporate pentaerythritol as a key ingredient. These companies are actively exploring new market opportunities and applications, ensuring they remain relevant in an evolving market landscape.

As the pentaerythritol market continues to grow, the competitive landscape is expected to witness further intensification. Companies are likely to engage in strategic collaborations and acquisitions to enhance their product portfolios and expand their market presence. Additionally, the increasing focus on sustainability is prompting many players to invest in green chemistry initiatives, ensuring their operations align with consumer demand for eco-friendly solutions. As competition escalates, innovation and adaptability will be crucial for companies to maintain their competitive advantage and capitalize on the burgeoning opportunities within the pentaerythritol market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Chemanol
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Perstorp
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Ferro Corporation
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Kraton Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Huntsman Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Eastman Chemical Company
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Seiko Chemical Co., Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Songwon Industrial Co., Ltd.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Weifang Yaxing Chemical Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Huanghua Xinnuo Chemical Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Shandong Luyuan Chemical Co., Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Yantai Dasteck Chemicals Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Gujarat Alkalies and Chemicals Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hubei Greenhome Technology Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Shijiazhuang Huakan Chemical Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Pentaerythritol CAS 115 77 5 Sales Market, By Application
    • 6.1.1 Alkyd Resins
    • 6.1.2 Inks
    • 6.1.3 Plasticizers
    • 6.1.4 Alkyd Paints
    • 6.1.5 Others
  • 6.2 Pentaerythritol CAS 115 77 5 Sales Market, By Product Type
    • 6.2.1 Powder
    • 6.2.2 Liquid
  • 6.3 Pentaerythritol CAS 115 77 5 Sales Market, By Use Industry
    • 6.3.1 Construction
    • 6.3.2 Automotive
    • 6.3.3 Printing
    • 6.3.4 Chemical
    • 6.3.5 Others
  • 6.4 Pentaerythritol CAS 115 77 5 Sales Market, By Sales Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Pentaerythritol CAS 115 77 5 Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Pentaerythritol CAS 115 77 5 Sales market is categorized based on

By Product Type

• Powder
• Liquid

By Application

• Alkyd Resins
• Inks
• Plasticizers
• Alkyd Paints
• Others

By Use Industry

• Construction
• Automotive
• Printing
• Chemical
• Others

By Sales Channel

• Direct Sales
• Indirect Sales

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Perstorp
• Eastman Chemical Company
• Shijiazhuang Huakan Chemical Co., Ltd.
• Kraton Corporation
• Ferro Corporation
• Yantai Dasteck Chemicals Co., Ltd.
• Huanghua Xinnuo Chemical Co., Ltd.
• Hubei Greenhome Technology Co., Ltd.
• Chemanol
• Huntsman Corporation
• Seiko Chemical Co., Ltd.
• Songwon Industrial Co., Ltd.
• Gujarat Alkalies and Chemicals Ltd.
• Weifang Yaxing Chemical Co., Ltd.
• Shandong Luyuan Chemical Co., Ltd.